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Oil hits record near $106 on low dollar, Opec supply cap

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    • Reuters Tags : Posted: Friday , Mar 07, 2008 at 0036 hrs
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    Tensions in Venezuela, an Opec producer and the third largest oil supplier to the United States, provided further support to the market. Venezuela deployed tank and air and sea forces towards the Colombian border on Wednesday in its first major military mobilisation in a crisis that has raised fears for regional stability.

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